AboutErnesto Gomes Expertise I can answer questions to Corporate Governance, General Management, Budgeting, Human Resource, People Management, Sales, Competition, Change & Transformation, Strategy and other. Specifics in Accounting and/or Legal are not my strength.
Experience I'm an experienced Business Manager and was a GM of a unit within a large IT Company. Leading over 250 Employees and multy million business. International Roles and Responsibilities. Worked and lead in Service Delivery, Sales, Portfolio Management and General Business.
Education/Credentials Project Management, 12 years of work experience
Question Sir please help me in answering these questions
1.‘The Theory of Comparative Cost Advantage is an improvement over the Theory of Absolute Cost Advantage.’ Briefly Discuss.
2. Write short notes on
a) Globalisation of Business
b) Strategic alliances
c) Management Practices of MNC’s
3. Explain the purpose and application of the payment of Wages Act, 1936. Discuss the procedure of fine deduction from wages of employee in an organization you are familiar with. Briefly describe the organization you are referring to.
4. A teacher wishes to test three different teaching methods I, II, III. To do this, the teacher chooses at random three groups of five students each and teaches each group by a different method. The same examination is then given to all the students and the marks obtained are given below. Determine at α=0.05 significance level whether there is difference between the teaching methods. Use Kruskal-Wallis test.
Method I 78 62 71 58 73
Method II 76 85 77 90 87
Method III 74 79 60 75 80
Thanking you
Kalaiarasan S
Answer Hi Kalaiarasan
I think I can at least give you some hints on Q1 + Q2. Q3 and Q4 are outside my expertise.
Q1: the competitive defines the advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and better servicing facilities that could justify higher prices. This may be achieved by creative advertising, increased product performance, or superior distribution methods. (source Oxford University Press 2006)
versus absolute, where the cost advantage enjoyed by a country in producing certain goods, compared to costs in other countries. The costs of producing similar products vary between different countries because certain resources, such as labour, raw materials, and energy, will be cheaper in some countries than in others. Multinational enterprises are able to take advantage of these cost differences by buying components or products from countries that have these advantages. For example, a motor-vehicle manufacturer in an economy with high labour costs may purchase certain components from another country with significantly lower labour costs (source Oxford University Press 2006)
Q2a: Globalisation in business means, e.g. that you either operate globally by selling your services and products and/or have your supply chain outside the regions you operate. All of course with the intend to either improve revenue growths and market share increases and/or efficiancy and margin increase.
Q2b: this can be seen when linked to my above answers. It might well be that you can achieve the above by building strategic alliances to help you where you have no or low expertise and/or others are just better/cheaper. Of course you will also have to provide something for the partner, so he wants to build a strategic alliance with you
Q2c: I assume MNC is "Management of Multinational Corporations"... as the name says, it's about considering the diversity of the people in managing globaly. Here you need to consider stuff like e.g.: Recruitment, Pay, Ethics, Development, Labour relations, Local Cultures, Religions etc.
